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Simple English definitions for legal terms

iron-safe clause

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A quick definition of iron-safe clause:

An iron-safe clause is a rule in a fire-insurance policy that says the person who owns the business must keep their important papers and records in a safe that can't be damaged by fire. This is to make sure that if there is a fire, the important information is protected and can still be used to help the business.

A more thorough explanation:

An iron-safe clause is a provision in a fire-insurance policy that requires the insured to keep their business's books and inventory records in a fireproof safe. This clause is important because it helps to protect important documents from being destroyed in the event of a fire.

For example, let's say that a business owner has a fire-insurance policy that includes an iron-safe clause. The owner must keep their books and inventory records in a fireproof safe to be covered by the policy. If a fire were to occur and the owner did not have their documents stored in a fireproof safe, the insurance company may not cover the loss.

Another example could be a homeowner's insurance policy that includes an iron-safe clause. The homeowner must keep important documents, such as their mortgage papers and insurance policies, in a fireproof safe to be covered in the event of a fire.

These examples illustrate how an iron-safe clause is an important provision in insurance policies that helps to protect important documents from being destroyed in a fire.

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babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
brookyln law portal just added person id and application id for me, what does it mean??
Dkk
12:52
@VolatileClumsyAcolyte: well someone got an A so maybe an A
just checked the reddit, apparently it means nothing..
HAPPY FRIDAY HAPPY UCLA DAY
what time would they release cuz west coast
BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
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